Global Tomato Seed Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033
Global Tomato Seed Oil Market Overview
Global Tomato seed oil Market was valued at USD 55.8 Million in 2023 and is reach to USD 94.60 Million by 2033 at a CAGR of 6.42%
Tomato seed oil is obtained from the seeds of tomatoes. The oil contains high volume of carotenoid antioxidants and phytosterols, minerals, as well as is a very good source for polyunsaturated fatty acids. Due to its high antioxidant properties, it is used for protection against sun damage, wrinkles, and age spots, and is used as an ingredient in anti-aging mature skin formulations, hair conditioners, and other products. It also offers various health benefits and can be used to treats skin conditions, ranging from mild to severe.
Increasing demand for anti-aging cosmetics, anti-wrinkle serums, and personal care & cosmetic products among individuals coupled with the growing elderly population, especially in developed economies are major factors expected to drive the growth of the global market. In addition, the rising adoption of tomato seed oil as a major ingredient for various products especially skin care products, due to its nourishing benefits and high content of lycopene is another factor projected to boost the growth of the global market in the years to come.
Furthermore, technological advancements in the industries and a growing preference for natural cosmetics among individuals are other factors expected to fuel the growth of the global market in the near future. Substitutes or alternatives however are available in the market, which could hamper demand and restrain the growth of the tomato seed oil market to some extent over the forecast period.
Among the nature segments, the organic tomato seed oil segment is projected to register a significant growth rate in the global market over the forecast period. This growth is projected and attributable to increasing awareness regarding various health benefits offered by organic products.
Among the end-use segments, the anti-aging formulations segment is projected to register moderately high growth rate in the global market in the near future. Growing demand for natural cosmetics products in developed economies is among some of the primary factors supporting the projected growth of this segment.
Among the extraction segments, the cold-pressed segment is expected to account for significant revenue share in the global market.
The Asia Pacific tomato seed oil market is projected to account for highest revenue share as compared to markets in other regions in the global market. Growing demand for cosmetic products, especially in China and India, owing to the rising disposable income of consumers, increasing use of e-Commerce platforms to make purchases, and availability of vast ranges of cosmetics products on these portals among the other key factors projected to drive the growth of the global tomato seed oil market in this region.
North America market is projected to register high growth in terms of revenue in the global market. Increasing adoption of personal care and cosmetics products and growing aging population in countries such as Canada and the US in these regions is projected to have positive impact on growth of the market in this region.
Europe's tomato seed oil market is projected to register significant growth, and this is attributable to the increasing use of tomato seed oil-based cosmetics and products among consumers in countries in the region.
Global Tomato Seed Oil Market Segmentation:
Segmentation by nature:
- Organic Tomato Seed Oil
- Conventional Tomato Seed Oil
Segmentation by extraction:
- Cold Pressed Tomato Seed Oil
- Expeller Pressed Tomato Seed Oil
- Solvent Extracted Tomato Seed Oil
- CO2 Extracted Tomato Seed Oil
- Infusion/Maceration Tomato Seed Oil
- Winterized Tomato Seed Oil
- RBD (Refined, Bleached, and Deodorized) Tomato Seed Oil
Segmentation by end use:
- Anti-aging Formulations
- Lip Care
- Hair Products
- Makeup Products
- Wrinkle Serum
- Facial Creams
- Other Cosmetic Formulations
Segmentation by distribution channels:
- Direct Sales/B2B
- Indirect Sales/B2C
- Convenience Stores
- Mass Grocery Retailers
- Food & Drink Specialty Stores
- Online Retailing
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD 55.8 Million Growth Rate 6.42% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Natural Sourcing, LLC
- Botanic Innovations, LLC
- Leven Rose
- Greenwood Essential
- Aarshaveda Wellness Pvt Ltd.
- Deve Herbes
- Kama Ayurveda
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